The question about sending a letter to get a debt collector to stop contacting you is always an interesting one. The decision to send such a letter is so multifaceted and involves emotion, risk, and tolerance. But, maybe most importantly, it consists in having a plan and taking action that will ultimately deal with your …
Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion affirming that federal law often prohibits debt collectors from charging “pay-to-pay” fees. These charges, commonly described by debt collectors as “convenience fees,” are imposed on consumers who want to make a payment in a particular way, such as online or by phone. “Federal law …
Question: Dear Steve, Hey, so I’ve been reading some posts about this topic but need some clarification and a clear answer to my current situation. So I had been charged off by Citibank a number of years ago and dealt with the debt collector on smaller monthly payments. Doing this I actually managed to cut …
Question: Dear Steve, JAN. 15 2020 we went to court and I requested the court to dismiss due to improper service. The debt collector says they thought the process server “Saw” me but the judge disagreed based on the paperwork and scheduled a hearing on the matter. After this Wyoming collector mails me a copy …
If you’ve fallen behind on a debt, and the debt collectors are calling, you’re probably under a lot of stress. It’s important, though, not to panic and to come up with a plan of action. The first thing you should know is that you can negotiate. Debt settlement is one option you have, which means …
Question: Dear Steve, My husband has an $18,000 collection on his credit report resulting from a defaulted private student loan opened in 2009 while attending The Art Institute of Las Vegas. The statute of limitation in Nevada is 7 years, and it’s our understanding that this collection account may fall from his credit report after …
Receiving a call from a debt collector can be stressful. Your first instinct may be to hide or ignore the situation and hope it goes away. But that can make things worse. We have resources to help you respond to debt collectors. 1. First, know your rights There are laws that restrict what debt collection …
Senator Trump (R), who is also the Chairman of the Judiciary Committee, proposed Senate Bill 563 which was recently enacted by the legislature in West Virginia and signed into law on April 21, 2017. The new law strips West Virginia consumers of protections and appears to be a naked attempt to skewer the citizens of …
Imposter scam complaints surpassed identity theft for the first time as the second most common category of consumer complaints received by the Federal Trade Commission’s Consumer Sentinel Network in 2016, according to the agency’s new Data Book. Although debt collection complaints declined slightly between 2015 and 2016, they remained the top consumer complaint category, comprising …
